Sherlock Grids SAS, GRTE secure funding from USTDA to expand and improve clean energy access

BENIN – The U.S. Trade and Development Agency (USTDA) has announced a grant funding for technical assistance to help Beninese company Sherlock Grids SAS expand and improve clean energy access to rural communities across the country. Enoh T. Ebong, USTDA’s Acting Director said that the project embodies USTDA’s commitment to deploy innovative solutions that connect more of Africa’s citizens to clean, reliable power. “By leveraging U.S. technologies, USTDA’s engagement will help mitigate the climate crisis while supporting Benin’s goal of universal electrification through solar power,” he added. Sherlock Grids will…

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Scatec & ENGIE to produce hydrogen for Anglo’s Limpopo mine

SOUTH AFRICA – Norwegian renewable energy company, Scatec, and French energy giant, Engie, have entered into a two-year lease agreement where the former will supply its portable solar systems to help power ENGIE’s hydrogen plant stationed at Anglo American Platinum’s Mokalakwena mine in the Limpopo province of South Africa.  Scatec will supply a 616 kWp containerized mobile solar energy system to ENGIE under its “Release by Scatec” brand. Working through their scalable power solution, Release, the power producer’s mobile unit will provide solar energy for ENGIE’s hydrogen production plant which…

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Healthcare group Mediclinic in US$139m renewable power deal with Energy Exchange

SOUTH AFRICA – Mediclinic, the Southern Africa division of private hospital group, Mediclinic, says it has entered into an agreement with Energy Exchange to procure renewable electricity, in a deal worth R2.1 billion (US$139 million). The company did not divulge the volume of power to be sourced from Energy Exchange but said the move was part of its ambitious goal of becoming carbon neutral by 2030. Energy Exchange is an aggregator that allows independent power generators in the country to sell renewable energy for use by industrial and commercial entities.…

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Fortis Green Renewables holds initial close at US$6m

AFRICA – Fortis Green Renewables Investment Management, an investment firm providing capital to small-scale renewable energy assets in Sub-Saharan Africa, has recently held the initial close in its Green Fund I. The Fund is raising capital from American individuals, family offices, and wealth management firms. The Fund raised US$6 million thus far and was aiming to raise US$10 million by end of August 2021, according to Jonathan Shafer, Managing Director and Co-founder. Overall, the Fund is targeting US$20 million. Green Fund I was formed to invest equity and equity-like capital…

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Global Coalition launches US$80m Relief Fund to protect energy access in Africa and Asia

AFRICA – Global Coalition has launched a first-of-its-kind relief fund with a first close of US$68m and a target of over US$80m to protect energy access for at least 20 million people in sub-Saharan Africa and Asia, The Energy Access Relief Fund (EARF) is the culmination of an unprecedented partnership convened by Acumen, including CDC Group, DFC, FMO, Green Climate Fund, Shell Foundation, IKEA Foundation, The Rockefeller Foundation, World Bank, IFC, Swedish International Development Cooperation Agency, Swiss Agency for Development and Cooperation, the UK Foreign, Commonwealth and Development Office (FCDO),…

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Trine and Solarise Africa ink US$5.9m infrastructure framework agreement

AFRICA – Swedish-based impact investment platform Trine is collaborating with Solarise Africa, a pan-African energy leasing company, to invest in renewable projects on the continent.  The first debt financing round provided by Trine will finance five solar projects in South Africa and Kenya.  Demand for on-site renewable energy assets is growing rapidly as businesses are faced with rising energy costs and a desire to improve the sustainability of their operations. Building on-site microgrid assets require significant capital outlay and building owners and operators have few other options today to take…

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SIFEM invests US$10m in Metier Sustainable Capital Fund II to expand its clean energy services

AFRICA – The Swiss Investment Fund for Emerging Markets (SIFEM) has invested US$10 million in Metier Sustainable Capital Fund II. The Fund will be focused on climate mitigation and adaptation through investments in renewable energy generation as well as in resource efficiency. It will help expand access to affordable, reliable, and clean energy services, and enhance grid-tied installed renewable energy capacity in Africa, which can incite local companies to switch to renewable energy and thereby avoiding fossil fuel consumption. Through investments in resource efficiency, the Fund may also contribute to…

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Inverter supplier Sungrow set to deploy battery energy storage system for Sukari gold mine

EGYPT – Sungrow, the Chinese inverter solution supplier for renewables, has been contracted by Juwi Renewable Energy to supply inverters and a battery energy storage system (BESS) for the 36 MW off-grid solar plant at Sukari gold mine operated by Centamin in Egypt. The battery energy storage system (BESS) will have a 7.5MW energy storage capacity. Sungrow is supplying a 1,500V 6.25MW PV inverter solution with a highly integrated energy storage system with lithium iron phosphate (LFP) batteries. Smart forced air-cooling technology and a C5 high anti-corrosion capacity will help…

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Eskom considers US$7.3b investment in wind and solar projects

SOUTH AFRICA – State utility Eskom, which supplies almost all of South Africa’s electricity from coal-fired power plants, is considering spending R106 billion (US$7.3 billion) investment on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move away from coal by taking advantage of the nation’s abundant wind and solar resources.  The state-owned company envisages spending R61.75 billion (US$4.2 billion) on wind power and R44.25 billion (US$3.03 billion) on…

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Janus Capital doubles investment in Highview Power for clean energy storage

AFRICA – Janus Capital, the subsidiary of Janus Continental Group (JCG), ), a conglomerate with businesses in the Energy, Hospitality and Real Estate has confirmed an additional investment of over US$14 million in Highview Power, a developer of liquid air long-duration energy storage plants based on its proprietary cryogenic energy storage technology The storage system provider will use the funding for expansion in the Great Lakes region and elsewhere in Africa. In a fundraising round that saw Highview Power raise US$70 million in February 2021, Janus Capital contributed US$13 million…

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